Instagram has updated its popular free image processing and sharing app to version 2.0, adding an revised interface and more features. Instagram v2.0 includes an improved user interface, faster image processing and the ability to save its processed images at higher resolution. The app still only shares low-res versions of files but allows you to save full resolution versions to your 'phone (10x larger in the case of the iPhone 4). The latest version also adds four more processing filters and the option to add or remove borders from the existing ones.

Press Release:

Introducing Instagram v2.0

Today, we’re excited to announce the release of one of the largest revamps to the Instagram app since it launched nearly a year ago.

Since the day we launched, one core part of the app has remain largely unchanged: the camera. In the past, we’ve added filters & tilt-shift, but the base technology has never evolved. Today that all changes as we introduce a complete upgrade to Instagram’s camera with a brand new technology layer.

Live filters – so fast, we let you see them liveSee the world through Instagram’s stunning effects before you even snap a photo. Simply select a filter, hold the camera up to the scene and see the world through Instagram’s visual effects. We’ve re-written your favorite Instagram filters to be over 200x faster so even after having taken a photo, switching between them takes no time at all. Get an in-depth look at the new camera UI.

Four new filters
You’ve asked for more, and we’re excited to provide four brand new filters: Amaro, Rise, Hudson, and Valencia. With these new filters, we continue the trend of turning regular photos into beautiful snapshots. What’s most exciting to us is that we’ve teamed up with @colerise, an extremely popular Instagrammer, to produce these new effects. Keep your eye out for more collaborations to come.

Instant tilt-shift
Selective blur over 100X faster than before. Pinch, pan and rotate tilt-shift to give your photos unparalleled depth of field with live preview included. Learn more about live tilt shift.

High-resolution photos - 10x larger than beforeClarity and detail with every shot. By far, the most requested feature from both pros and amateurs alike, we’ve increased our photo size from 612x612 to 1936x1936 on the iPhone 4 (1536x1536 on the iPhone3GS). You’ll capture beautiful moments in all their detailed glory. Read more about high-resolution Instagram photos.

Comments

Instagram has over 10,000,000 users the new version got them over that hump. it took the hot startup Foursquare just over two years to get to 10 million users — Instagram did it in just under a year. It took Twitter and Facebook well over two years to hit the milestone as well. iPhone is #1 on Flickr. The only constant is change.http://techcrunch.com/2011/09/26/instagram-10-million/

Sadly the "10x larger than before" apparently only applies to iPhones. 4th Gen iPod Touch users are still stuck with the native 720x720 resolution. I was expecting some sort of image interpolation. Oh well, still a fantastic app for the price of FREE.